August 9, 2018, 2:31 pm by Justin King The parent company plans to elevate Lotus to a leading global luxury brand. China's Geely reportedly has big plans for Lotus, potentially providing the British brand with enough funding to significantly expand its share of the global sports car market.Majority owner of Lotus since early last year, Geely is now considering a 1.5 billion pounds (~$1.9 billion USD) investment in the brand, according to a Bloomberg report.The funds are said to be focused on building new production facilities and research centers in the UK. It is unclear if Geely is also planning a manufacturing expansion in China or other markets."Geely is fully committed to restoring Lotus into being a leading global luxury brand," Lotus said in a statement, without explicitly confirming the talk of a $1.9 billion investment.As Geely further extends its global reach, the company is said to view Lotus as a potential rival to Porsche, Ferrari and other exclusive ultra-luxury … [Read more...] about China’s Geely to spend $1.9B on Lotus revival?
Usd uk pound
The long honeymoon between Donald Trump and the financial markets appears to be over or, has at least, landed in some trouble in the first part of 2018. It is too early to call the movement seen in the last few weeks an inversion but it is clear even to non-experts that something has changed. The US indices, after long months of rallies and new records, have stopped their bullish impulse. Since January, the Dow Jones and S&P 500 haven't marked any new records and now that we are in early May, the indices sit less than 10% below their previous peak, so consequences do remain limited.The main story behind this is clearly about the Tycoon and his decision to announce new steel and aluminium tariffs with other import taxes on goods from China. Of course, Trump's movement generated a strong Chinese reaction with the Beijing government announcing tariffs on US items and initiating a real commercial war. The market's reaction was understandably sceptical and some nervous trading sessions … [Read more...] about Is the honeymoon between Donald Trump and the financial markets over?